LTC Elliot Wave - SHORT
Aggiornato
Looks like altcoins are about to take on some water in the near future. It's not only LTC, but multiple other coins I've taken a look at are showing signs of a sell-off in the VERY near future.
Textbook Elliot Wave for LTC at the moment. If you are a bullish trader, I'd highly suggest that you wait for the trend to surpass the 2/1 resistance line WITH a proper buffer to ignore potential noise in the markets before you begin to classify LTC as a "bull-market".
Textbook Elliot Wave for LTC at the moment. If you are a bullish trader, I'd highly suggest that you wait for the trend to surpass the 2/1 resistance line WITH a proper buffer to ignore potential noise in the markets before you begin to classify LTC as a "bull-market".
Trade chiuso: obiettivo raggiunto
Closed position due to potential upswing to 2/1 retracement.Made profit, all that matters!
Commento
False 1/1 breakout!Looks like we are going to see a bullish market for much longer...
Commento
^ Meant to say "bearish" instead of "bullish". My mistake.Trade chiuso: stop raggiunto
-8.4% for the day. I think it's going to go much lower, but if I were you (for those who took the short position), I would close out the trade.Remember: The only important thing is that you took profit. That's it. Don't be too greedy!
Commento
Looks like we are nearing another attempt to break the 1/1 retracement angle. Let's see what happens.
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